QS 96 Calculating depreciation-straight-line 02 Balje Sir On January 2, 2020, Crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this equipment for four years, and then sell the equipment for $1.900. Calculate depreciation for each year of the sound equipment's estimated life using the straight line method. Crossfire's year end is December 31. QS 9-7 Calculating depreciation-units of production Lo2 excel Papaya, a specialty greeting card company purchased a photocopier costing $45,000 on January 1, 2020. The equipment is expected to produce a total of 4,000,000 copies over its productive life. Its residual value at the end of its useful life is estimated to be $5,000. The equipment actually produced: Fiscal Year Copies Produced 2020. 650,000 2021 798.000 2022 424,000 2023. 935,000 2024 1.193.000 Calculate depreciation for 2020 through to 2024 using the units of production method. Papaya's year end is December 31. QS 96 Calculating depreciation-straight-line LO2 Balt Sir On January 2, 2020, Crossfire acquired sound equipment for concert performances at a cost of $55,900. The rock band estimated that it would use this equipment for four years, and then sell the equipment for $1,900. Calculate depreciation for each year of the sound equipment's estimated life using the straight line method. Crossfire's year end is December 31